Tag: futures

Crypto News & Analysis

Coinbase raises US $300 million but will remain a private company. Coinbase is the most popular cryptocurrency exchange in the USA. It may also be one of the top 3 cryptocurrency exchanges in the world. There were reports and rumors that this crypto exchange would become a public entity in the next few weeks. But the President of Coinbase, Asiff Hirji says no, “There’s not going to be an IPO any time soon.”
Coinbase successfully raised $300 million through private Series E funding. Many analysts and journalists speculated that an Initial Public Offering (IPO) would be coming shortly after. According to the Coinbase President, their predictions were way off the mark. Mr. Hirji made his remarks, on the Crypto Trader Show, saying at this point in time, “We (Coinbase) have so much to do,” and other comments regarding how the company needed to grow. He described the most recent funding as a pre-IPO funding. Although his remark did intimate that an IPO is coming. The answer to the question, when, is still unknown.
Mr. Hirji said that of the 3,000+ cryptocurrencies publicly traded 300 of them are potentially investment worthy. Coinbase is active in only seven cryptos. Mr Hirji stated that the revenue stream of the exchange needs to increase. He continued his statement saying Coinbase should be able to facilitate trading in at least 200 or 300 of the most investment worthy cryptos. This is just one of the things on a list of many things to do before Coinbase would consider going public. Mr Hirji felt the accomplishment of the company’s goals could take place within the time frame of one year. This could also be the new time frame for their IPO announcement. As with the progress of many other factors relating to the advancement of the cryptocurrency markets, we will all just have to wait and see.

Forex News & Analysis

Bitcoin continues to hold the line. The crypto currency continues to maintain a value above its lower level of resistance, near US $6,200, throughout this week. The United States Dollar gained value against Bitcoin this week. The USD started the week pairing with Bitcoin at an exchange rate of $6402/ 1 Bitcoin. The pair ended the week exchanging at a rate of $6365 / 1 Bitcoin. The USD recorded a 0.58% increase in value when paired with Bitcoin by the weeks end.
The USD index (.DXY) compares the USD to 6 globally dominant currencies. The USD lost marginal ground when compared to its global counterparts towards the end of the week. The .DXY index recorded a value of 96.58 at the beginning of the week. The Index closed at 96.50 recording a 0.08% loss in value by the week’s end.
The GBP gained ground against the USD from the previous week. The dollar ended the week exchanging with the GBP at $1.2971 gaining 0.01% from the previous trading day. The GBP may climb higher as optimism about a smooth Brexit has been reported by the media. The Mexican Peso(MXN) continues to show strength in the marketplace. The MXN ended the week marginally stronger when compared to the GBP, exchanging with the GBP at 25.9731 Pesos / 1 GBP a 0.01% increase in value from the previous trading day.

Crypto Futures News & Analysis

A landmark ruling by the Chinese court propels Bitcoin closer to the hands of mainstream Chinese citizens. The Shenzhen Court of International Arbitration has ruled in favor of Bitcoin. The court has determined that Bitcoin can be viewed as property. Furthermore it is now officially legal for Bitcoin to be accepted as payment for goods and services by Chinese merchants. This event can be looked upon as a milestone accomplishment for the advancement of Bitcoin and cryptocurrency.
Prior to this court ruling, the Chinese government had effectively banned most Chinese citizens from transactions involving Bitcoin and other cryptocurrencies, within the borders China. The significance of Bitcoin becoming legal within China is huge. China has the world’s largest population of consumers and is the world’s #2 economy. Any portion of the Chinese population added to the pool of investors already involved in Bitcoin, will add more liquidity and market presence to the blossoming crypto market.
The Arbitrators decision centered around these fundamental principles of Bitcoin and other cryptocurrencies.

Bitcoin has intrinsic economic value,

It can be controlled by the owner,

It has the characteristics of a property,

Paying with or holding Bitcoin is not illegal.

Many have speculated concerning the reason the government imposed the ban in the first place. Some say the ban was imposed to prevent Bitcoin from devaluing the Chinese Yuan. Others speculate that it needed to be controlled by the right people before it was given to the masses. Be that as it may, Bitcoin will be able to be used by all Chinese citizens while they are at home in their living rooms, at some point in the near future.
Bitcoin continues to demonstrate stability. Bitcoin has maintained a value above its lower resistance threshold of US $6,200 for another week. Ending the week at $6365 / 1 Bitcoin

Crypto Stocks & Analysis

IBM is in the headlines once again. IBM goes all in at the poker table. Rolling the dice and proposing to purchase Red Hat Inc. for US $24 billion.
Red Hat describe themselves as a:

“Provider of open source software solutions to develop and offer storage technologies, virtualization, cloud, mobile, operating system, management, and middleware to various enterprises worldwide. It offers infrastructure-related solutions, such as Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in hybrid cloud environments; Red Hat Enterprise Virtualization, a software solution that allows customers to utilize and manage a common hardware infrastructure to run multiple operating systems and applications; and Red Hat Satellite, a system management offering that helps to deploy, scale, and manage in hybrid cloud environments. ” Yahoo Finance

Most analysts agree the move leaves IBM in a poor financial situation. IBM will be short on cash and will be wishing on the next shooting star, hoping the CEO made the right decision. Its win or lose for Big Blue, the CEO Ginni Rometty has all the chips on the table. She’s hoping the combination of blockchain patents owned by IBM and their new found presence in cloud computing will ring the bell and answer her prayers with a solid revenue source and an end to the 7 years of negative earnings under her leadership.
A sinister dark cloud hangs over this deal casting shadows of uncertainty. Red Hat’s stock price was last quoted at $172.24, well below the $190 IBM has proposed to pay to own the company. Analysts are skeptical the deal will happen at the inflated price of $190 a share. Moreover whether the deal happens or not IBM is obligated to fork over $1billion to Red Hat.
Ms. Rometty claims the deal will make IBM the number 1 hybrid cloud provider. A hybrid cloud consists of cloud data storage and computing capabilities. Rometty has bet her continuance as IBM’s CEO on the combination of blockchain technology combined with hybrid cloud services. Investors and analysts are doubtful this combination can put IBM back in the black.

This week’s Biggest Winners in Cryptocurrencies

1) +120.69% CloakCoin (CLOAK) Started the week at $2.765 Ended the week at $6.102
2) +114.32% Telcoin (TEL) Started the week at $0.00049953 Ended the week at $0.00107058
3) +44.14% Dentacoin (DCN) Started the week at $0.00021880 Ended the week at $0.00031537
4) +39.73% TokenPay (TPAY) Started the week at $1.178 Ended the week at $1.646
5) +32.26% SirinLabs (SRN) Started the week at $0.0747 Ended the week at $0.0988
6) +31.29% Agoras Token (AGRS) Started the week at $0.441 Ended the week at $0.579
7) +29.59% BOScoin (BOS) Started the week at $0.0507 Ended the week at $0.0657
8) +27.87% SelfKey (KEY) Started the week at $0.00633644 Ended the week at $0.00810235
9) +27.53% Mainframe (MFT) Started the week at $0.00846874 Ended the week at $0.0108
10) +26.97% Republic Protocol (REN) Started the week at $0.0330 Ended the week at $0.0419
11) +21.77% Odem (ODE) Started the week at $0.147 Ended the week at $0.179
12) +19.11% Basic Attention Token (BAT) Started the week at $0.246 Ended the week at $0.293
13) +17.86% Po.et (POE) Started the week at $0.0112 Ended the week at $0.0132
14) +14.73% ChainLink (LINK) Started the week at $0.448 Ended the week at $0.514
15) +12.75% Centrality (CENNZ) Started the week at $0.0408 Ended the week at $0.0460

Crypto Chart of the Week

CloakCoin (CLOAK)
Chart Courtesy of Coinlib
CloakCoin is an open-source blockchain platform that puts their focus on speed and anonymity in cryptocurrency trading. Its PoW (Proof of Work) block reward is currently 496 coins and stops within seven days while its PoS (Proof of Stake) gives ROI of 6% annual interest. The platform promises fast transactions, with a block limit time of 60 seconds. The transactions are also untraceable thanks to the platform’s onion-routing privacy that is set to default. Security is state of the art due to the d-to-end encryption that enable nodes to avoid traffic analysis. The system also uses 25 hops, that utilize symmetric RSA encryption with ECDH key as a back-up.

Upcoming ICOs

2TF (2TF) Sale Starts November 2 Sale Ends November 24 / A mobile global payment platform with decentralized principles where users transact directly through the use of stable price cryptocurrencies and smart contracts
CryptoCasher (CRR) Sale Starts November 2 Sale Ends March 2, 2019 / Allowing buying or selling of cryptos for cash safely and quickly with a 3rd party escrow service
Bitdollar Fund (BTD) Sale Starts November 3 Sale Ends December 29 / The world’s first collectively managed fund
ProxiShares (PRX) Sale Starts November 4 Sale Ends November 20 / An industrial-level asset location, surveillance and monitoring software suite on the Ethereum blockchain
ArtPro (APT) Sale Starts November 5 Sale Ends December 14 / making it easy for anyone to buy and sell art over the web
Aurum (AURUM) Sale Starts November 5 Sale Ends December 31 / An online marketplace facilitating the auction of jewelry and watches with an opportunity of appraisal by the Aurum service centers specialists
Bonafi (BONA) Sale Starts November 5 Sale Ends December 23 / Authenticating the Supply Chain Using Blockchain Technology
Geeba (GBA) Sale Starts November 5, 2018 Sale Ends January 2, 2019 / Developing a decentralized delivery ecosystem that enables businesses to operate deliveries with autonomous vehicle and smart hubs
RainCheck (RAIN) Sale Starts November 5 Sale Ends December 5 / Created to influence and measure the high level of online product discovery/research and to connect those findings with the corresponding in-store sales transaction
TrustaBit (TAB) Sale Starts November 5, 2018 Sale Ends January 5, 2019 / Using blockchain technology with smart contracts to automatically issue flight vouchers to passengers when their flights are delayed
Sentigraph.io (EMOT) Sale Starts November 9 Sale Ends December 10 / An innovative Early Stage Startup with an objective of helping businesses and individuals gain unique insights, and make good decisions based on the feelings of customers or peers in a social network like Twitter

Crypto News & Analysis

Sony has formally announced their plans to develop a wireless crypto wallet. Sony Corp is letting the world know how serious they are about being leaders in the sale of commercial products that will be utilizing blockchain technology. Plans to build the state of the art hardware wallet is where it all begins with Sony. Hardware wallets will be where the wealth of the 21st century will be stored. And Sony wants to have a strong presence near the wealth of all cryptocurrency owners.The hardware wallet that Sony (SNE) plans to produce will be the first of its kind. It will be wireless and portable. Currently all hardware wallets need to be attached to a computer through a USB cable in order to function. Sony’s new contactless crypto wallet will be configured using IC card technology from Sony. Sony has described the technology in a press release this way, “Sony CSL (Computer Science Laboratories) has developed a contactless IC card type hardware wallet which includes mutual authentication/encrypted communication technology by applying Sony’s expertise in contactless IC card technology cultivated over many years. The IC card type hardware wallet is small, portable and useful, unlike typical existing hardware wallets that connect to PCs via USB.”The crypto wallet will be able to hold and function with a variety of cryptocurrencies. The IC technology behind it will enable the wallet to use private keys for a multitude of applications yet to be seen.In Sony’s press release it is described as “an infrastructure technology with multiple possible applications.”Sony has not announced when the wallet will go into production or when it will be available to be purchased. What we do know is that earlier this year, Japanese financial services group, SBI Holdings, purchased a 40 percent stake in the cryptocurrency hardware wallet company CoolBitX based in Taiwan.

Forex News & Analysis

BTC / USDChart Courtesy of Trading ViewBitcoin continues to demonstrate stability. The crypto currency has maintained a value above its lower level of resistance, near US $6,200, throughout the week. The United States Dollar remained stable against Bitcoin as well this week. The USD started the week pairing with Bitcoin at an exchange rate of $6401/ 1 Bitcoin. The pair ended the week exchanging at the same rate of $6401 / 1 Bitcoin. The USD recorded a 0.0% change in value when paired with Bitcoin by the weeks end. The USD index (.DXY) compares the USD to 6 globally dominant currencies. The USD gained ground when compared to its global counterparts towards the end of the week. The .DXY index recorded a value of 96.01 at the beginning of the week. The Index closed at 96.32 recording a 0.323% gain in value by the week’s end. Many analysts believe the gain in value recorded by the USD are a result of the better than expected 3rd quarter Gross Domestic Product value. Amidst new found woes surrounding Brexit, the GBP lost ground against the USD from the previous week. The dollar ended the week exchanging with the GBP at $1.2831 compared to last weeks close of $1.3252 losing 3.28% from the previous week. While the Australian Dollar (AUD) lost a slim advantage over the Japanese Yen by the close of the week. The AUD ended the week marginally weaker when compared to the JPY just one week ago exchanging with the JPY at ¥79.36 / 1 AUD versus ¥80.01 / 1 AUD the prior week a 0.81% decrease in value from the previous week.

Crypto Futures News & Analysis

The predictions of Bitcoin and cryptocurrency gains over the next 5 years continue to pour in. The latest prediction comes from MarketsandMarkets. MarketsandMarkets has forecast a 6.18% annual growth rate for the cryptocurrency market to 2024. The analysts who published the report conclude that the driving forces behind this consistent rate of growth will be:

Growth in venture capital investments,

Increases in distributed ledger technology (DLT) transparency,

Fluctuations in monetary regulations,

And high remittances in developing countries.

The panel of analysts that compiled the report acknowledge the implementation of blockchain technology in the financial industry. They give kudos to the functionality of blockchain technology applied to cross border payments and money transfers. They attribute their forecast of steady growth to innovations such as these. The analysts also give attention to the factors that will hinder the growth of the cryptocurrency market. Factors like:

The slow process of installing defined global regulations,

The lack of technical knowledge within the world’s population to understand cryptocurrency,

Security issues surrounding cryptocurrency exchange hacks,

Scaling issues,

and the lack of accessibility to the crypto market for people apprehensive and unfamiliar with the new technology and its devices.

The Team of analysts report that everyone of the issues they discovered are being dealt with by the crypto community. That was the fact that enabled them to predict continued growth within the crypto market.

Crypto Stocks & Analysis

Cryptocurrency, the blockchain, and stocks, how are these unique relationships evolving? One way to gauge how heavily some companies are involved in blockchain technology, is to find out how many patents they hold that involve the new technology. Envision IP, a law firm that specializes in intellectual property, has released a report disclosing what firms in America are in the group of top ten patent holders involving blockchain technology. It may come as a surprise to some to find out who they are. These firms and their stock value may move in the same direction as the cryptocurrency market, especially because they are both deeply involved in the same technology. The Envision IP Report claims that 1,045 patents involving blockchain technology were filed in the US by 478 owners. The report was released at the beginning of 2018. Most of the owners were entrepreneurial enterprises holding 1 or two patents per entity or individual. But the majority of patents were held by leading companies. Everyday names, with an extraordinary amount of assets and revenue that they manage. Accenture (ACN), Coinbase (a privately held firm) , Dell (DVMT), Fidelity Investments (privately held), Google (GOOGL), Ping An Insurance (PNGAY), Bitmain (IPO on the way), Intel (INTC), Visa (V), Sony (SNE), Tencent (TCEHY), China’s State Grid Corporation (government owned), and Toronto-Dominion Bank (TD) are some of the patent holders ranking in the top 10 according to the number of patents filed. The last reports available claimed they held about 20 or more patents each. Please bear in mind patent information isn’t public until 18 months after the filing in the US. So these ranking can change quickly. IBM (IBM) and MasterCard (MA) have been jockeying for a spot in the top 3 of patents held. It has been reported that IBM currently holds almost 100 blockchain technology patents. It has also been reported that Bank of America (BAC) held the most blockchain patents at one point in the year. And then we have Alibaba that has been reported as holding 10% of all the blockchain technology patents filed globally. These companies are on the 21st Money watch list. Their interaction and integration with blockchain technology and cryptocurrencies are being forged every moment of everyday in our 21st century. The 21st Money Team will keep you informed.

This week’s Biggest Winners in Cryptocurrencies

1) +360.19% PumaPay (PMA) Started the week at $0.00032011 Ended the week at $0.00147311

2) +55.75% Nexo (NEXO) Started the week at $0.113 Ended the week at $0.176

3) +51.95% Ravencoin (RVN) Started the week at $0.0308 Ended the week at $0.0468

4) +54.07% MobileGo (MGO) Started the week at $0.479 Ended the week at $0.738

5) +46.75% Revain (R) Started the week at $0.154 Ended the week at $0.226

6) +44.55% Veritaseum (VERI) Started the week at $28.44 Ended the week at $41.11

7) +49.56% GoCoin (GO) Started the week at $0.0458 Ended the week at $0.0685

Crypto Chart of the Week

PumaPay (PMA) ranks 175th on the list of cryptos ordered according to their market capitalization. PumaPay’s current market cap is $23,080,000. PumaPay describe themselves as developing an advanced billing infrastructure for merchants, allowing them to design flexible payment scenarios over the blockchain.$25,0816 worth of PMA changed hands October 26th at an average price of $0.0015.

Upcoming ICOs

HELIXHILLS (HILL) Sale Starts October 27, 2018 Sale Ends August 21, 2019 / Using blockchain infrastructure to help consumers, service providers, and professional consultants automate the algorithms for selecting business partners and concluding deals, to record interaction time and bill the relevant parties using corresponding tariffs, and provide instant loans to reliable users

TimberCoin (TMB) Sale Starts October 29 Sale Ends November 29 / A decentralized online platform based on the blockchain Ethereum that shall use the smart-contract system, combining advanced technologies in the area of finance and industrial production of one of the most demanded in the world market high-strength multilayer square-sawn lumber that is the veneer laminated, reliable, cost-effective, easy-to-use material for the construction of lightweight, environmentally friendly, heat-saving houses, agricultural, sports and other facilities

GGRocket (GGR) Sale Starts October 30 Sale Ends November 14 / A mechanism that utilizes big data and machine learning technology in order to create specified and personalized offers for each customer based on their preferences

PlayTrip (PLTC) Sale Starts October 30 Sale Ends November 15 / A mobile application that allows you to experience a tourist itinerary through the narration of a story

TITA Project (TTN) Sale Starts October 30 Sale Ends November 30 / Building a decentralized ecosystem powered by Blockchain technology for the buying and selling of locally/globally traded commodities and finished goods thereby setting up pedestals that enhance the financial systems of the communities where these commodities are produced

Volans (VOL) Sale Starts October 30 Sale Ends November 30 / A cryptocurrency payment system which is based on blockchain technology

Adult X Token (ADUX) Sale Starts October 31 Sale Ends November 30 / Offering an absolute, never seen before, “all – in – one solution” for the adult entertainment industry

Neogame (TKT) Sale Starts October 31 Sale Ends November 30 / Designed to disrupt the for-profit model of gambling

Nexxo (NEXXO) Sale Starts October 31 Sale Ends December 31 / The world’s first global blockchain-powered small business banking platform

Aeternum ICO (ALF) Sale Starts November 1 Sale Ends May 1, 2019 / This platform will be open to anyone owning Aeternum Token not just a select group of investors and no contribution will be too small to reap the return from deep science project realization

Alive Casino (AL) Sale Starts November 1 Sale Ends December 1 / Operating in such a way that allows online casinos to occupy a greater share of the gambling market

ALLCARE (ALCR) Sale Starts November 1, 2018 Sale Ends January 31, 2019 / Making company benefits like health care, insurance, training, and other perks accessible to all workers including contractual, freelancers and self-employed individuals

ASTRA (STAR) Sale Starts November 1 Sale Ends November 30 / Building a network of communities and computers (Astra Network) for discovery of scientific and social truths

AutoBay (ABX) Sale Starts November 1 Sale Ends December 15 / The first ecommerce platform based on the Ethereum blockchain that allows users to sell, buy and auction vehicles using cryptocurrencies as payment method

ClearAid (CAID) Sale Starts November 1, 2018 Sale Ends May 1, 2019 / A digital platform that aims to connect the non-profit community through an easy-to-use interface which allows full transparency and traceability of donations made on the blockchain

ComBox (CBP) Sale Starts November 1 Sale Ends November 30 / An international company, a developer and manufacturer of immersion cooling systems for industrial mining and for solving science-driven tasks

Cryptocoin Insurance (CCIN) Sale Starts November 1 Sale Ends December 27 / The first option exchange with the possibility of insuring deposits against falling prices

Cryptonity (XNY) Sale Starts November 1 Sale Ends December 31 / The combination of two words: Crypto and Community. Simple but strong and meaningful, the goal is to be an exchange that is respected by the Cryptocurrency Community

Filotech (FILO) Sale Starts November 1 Sale Ends December 31 / Featuring an open ecosystem with forthcoming APIs to enable service providers and entrepreneurs to easily integrate the services offered as part of Filo network

Gastro Advisor (FORK) Sale Starts November 1 Sale Ends December 16 / A platform for research, recommendation and booking of restaurants and clubs with an ERC20 token-based economy that connects users and restaurateurs with a p2p reward and benefit

Gemstra (GMS) Sale Starts November 1 Sale Ends November 30 / A blockchain-integrated ecosystem for the social selling economy

getFIFO (FFUEL) Sale Starts November 1 Sale Ends February 1, 2019 / A Live and Trading Fiat to Crypto Exchange based in the UK

GGPRO (GGP) Sale Starts November 1 Sale Ends January 1, 2019 / A blockchain platform that creates new opportunities for interaction between the gaming community, sponsors and game developers

Gric (GC) Sale Starts November 1 Sale Ends November 30 / Aiming to create a brand that will be a benchmark in the agricultural industry, removing imitation and food counterfeiting, bringing about transparency with the aid of blockchain, creating a vehicle for people to invest on real life agriculture and earn rewards on their investments

IAME Identity (IAM) Sale Starts November 1 Sale Ends November 5 / Building the first truly decentralised cross-blockchain identification system based on its proprietary sharding technology and consensus identification

Jibbit (JIB) Sale Starts November 1 Sale Ends December 15 / Creating an ecosystem network to connect the worldwide cannabis community with the crypto world (200m +)

karbon14 (K14) Sale Starts November 1 Sale Ends May 1, 2019 / Maintaining information that will be used to create the Proof of Life certificates, generating a unique hash that will be saved in a Smart Contract

Laccoin (LAC) Sale Starts November 1 Sale Ends November 30 / An Ethereum backed cryptocurrency that enables the banked, unbanked and underbanked individuals who are in Latin America and Caribbean region to send money, invest and send micro-loans to each other with their mobile wallet or web app ***** No Website ****

Litenett (LNC) Sale Starts November 1 Sale Ends November 5 / A social network and a large media resource with its own payment system

MinedBlock (MBTX) Sale Starts November 1 Sale Ends April 30, 2019 / Offering the resources from a large scale mining operation, in order to mine multiple coins without the need to buy, configure and maintain expensive mining equipment

Primex (PMX) Sale Starts November 1 Sale Ends December 23 / An advanced user-friendly platform, providing users anywhere in the world with unified electronic wallets for all of their cryptocurrency and fiat savings

SocialRemit (SRT) Sale Starts November 1, 2018 Sale Ends April 1, 2019 / A new platform designed to provide emerging projects with financial and technological tools based on blockchain and impact society in a positive way through a collaborative economy that aims to build decentralized autonomous platforms of high efficiency

Stacktical (DSLA) Sale Starts November 1 Sale Ends December 31 / A unique way to turn the performance failures of an online service into surprisingly gratifying experiences for its stakeholders

W12 (W12) Sale Starts November 1 Sale Ends December 12 / A tenfold improvement over existing centralized analogues, offering the market a transactional model with a commission of just 0.5% (instead of 4-20%) which can be integrated with existing platforms and enterprises on each available market

2TF (2TF) Sale Starts November 2 Sale Ends November 24 / A mobile global payment platform with decentralized principles where users transact directly through the use of stable price cryptocurrencies and smart contracts

CryptoCasher (CRR) Sale Starts November 2 Sale Ends March 2, 2019 / Allowing buying or selling of cryptos for cash safely and quickly with a 3rd party escrow service

Crypto News & Analysis

International Business Machines (IBM) has scheduled a demonstration of their own version of a blockchain based, global transfer, rapid payment platform. They have named it ‘The Blockchain World Wire'(BWW). Unlike Ripple’s xRapid platform, IBM’s system can handle cross border transactions with any cryptocurrency as a medium of exchange. Whereas it has been reported that the xRapid system is only able to handle cross-border payments using the XRP crypto.
Capitalism doesn’t work without competition. IBM’s BWW system will ensure that the price for the service remains competitive. IBM’s presence will also cause the cross-border payment and transfer systems to improve their technology. The competition is extremely healthy for the evolution of both platforms.
IBM plans to demonstrate the BWW platform during the Sibos 2018 convention. The convention is being held in Sydney, Australia from October 22 – 25th. IBM holds more patents involving blockchain technology than any other company in America. They currently hold 89 blockchain patents second to Alibaba which holds 90 patents. They also have managed to forge several lucrative relationships with leading food companies and retailers. Some of the companies on the list include, Nestlé, Tyson Foods, Golden State Foods, Wal-Mart Stores Inc., McCormick and Co., and Berkshire Hathaway’s, McLane Co..
IBM’s leadership role in blockchain solutions is clearly demonstrated. They proudly boast that their clientele consists of 97% of the world’s largest banks. They push their chest out farther and claim their mainframe processes 90% of all major credit card transactions. They then put their nose in the air when they claim they run 60% of all the world’s transactional systems. The addition of the BWW system fits right into this configuration.
The Payment system will be powered by the Stellar Lumens (XLM) platform. The XLM cryptocurrency has gained nearly 9% in value over the last 7 days. The last sale at the time of this writing took place at $0.236 per crypto coin.

Forex News & Analysis

The United States Dollar lost ground against Bitcoin this week. The USD started the week pairing with Bitcoin at an exchange rate of $6135/ 1 Bitcoin. The pair ended the week exchanging at a rate of $6396 / 1 Bitcoin. The USD lost a 4.25 % advantage over Bitcoin by the end of the week. Bitcoin continued to demonstrate stability this week. Bitcoin continues to hold steady maintaining a level above its lower resistance level of $6200.
The USD index (.DXY) compares the USD to 6 globally dominant currencies. The USD gained ground when compared to its global counterparts towards the end of the week. The .DXY index recorded a value of 95.06 at the beginning of the week. The Index closed at 95.64 recording a 0.579% gain in value by the end of the week. The dollar lost some momentum on the last trading day of the week. Many analysts believe the loss in momentum is due to the European Euro gaining value. The Euro’s gains may be a result of eased tensions of economic conflict between Italy and the European Union. This is not the first time economic woes have entered the relationship. Fears revolved around the idea that the Italian economy, the 3rd largest within the Union, is to big to fail. And a major bailout may have to be initiated. The GBP lost marginal value against the USD. After the news that Brexit was 90% done. The GPB ended the week Exchanging at $1.3069 with the USD, losing 0.01% from the previous trading day. While the Australian Dollar (AUD) lost marginal value compared with the Japanese Yen by the close of the week. The AUD ended the week weaker compared to the JPY exchanging with the JPY at ¥80.12 / 1 AUD a 0.01% decrease in value from the previous trading day.

Crypto Futures News & Analysis

The Securities and Exchange Commission (SEC) has launched a fintech hub. The purpose of this portal is to give SEC the ability to engage with companies involved with blockchain technology, artificial intelligence, and other digital investment instruments. The Finhub is the name the SEC has given it’s new division. The Finhub’s fearless leader will be Valerie A. Szczepanik, senior advisor for digital assets and innovations. She is also an associate director in the SEC’s Division of Corporate Finance. She will be assisted by representatives from other divisions and offices of the SEC who have expertise and experience in fintech.
The 21st Money Team has long held the position that the SEC was dragging its feet in regulating cryptos. The reason for the snail’s pace was because it needed to create the infrastructure to handle digital investment instruments. This was a necessary step towards moving the crypto market forward, and it has finally come to the United States. The Finhub Portal will enable users to easily engage with the SEC. Applicants are now able to easily ask specific questions of the agency. The Finhub portal also allows users to request and schedule meetings with the relevant SEC staff member.
It’s important to remember, that it was because of the SEC’s lack of resources, manpower, and oversight that provoked and enabled the 2008 financial crisis. You can be assured that everyone that sits behind a desk in that agency is not going to be a part of another financial disaster. The wait has been annoying for potential investors in crypto products. It’s unlike the US to lag behind in new technology and investment opportunities. But this time around the SEC is going to take its time and make sure they get it right.
The 21st Money team is confident the SEC will use the next few months to get the bugs out of the Finhub portal. Hopefully crypto investors can look forward to 2019 and the new investing opportunities it will bring. The regulatory body for cryptocurrencies and other digital investment instruments is in place in the US. 5G internet speeds have become available. Digitized data has been created with enormous monetary value. There are exciting times ahead for cryptos.

Crypto Stocks & Analysis

The crypto merchant bank Galaxy Digital (GLXY) began trading on the Toronto Venture Exchange (TSXV) August 1. Galaxy Digital is another first of its kind institution born from blockchain technology. One of the things that make this stock interesting are the people at the helm of the ship. Mike Novogratz and former Goldman Sachs Executive Director Richard Kim as Chief Operating Officer.
(GLXY.V) TSXV Currency in CAD
Chart Courtesy of Yahoo Finance
The stock had a rocky start on its debut day to the public, opening at CAD $2.75. This value is 45% lower than the IPO price of $5. The triumph of this new and innovative company being listed together with their new approach to banking may be what catapults this stock to a place where investors rejoice. Putting the early jitters aside the stock has tremendous potential according to the captain and his chief. Novogratz recently commented that he believes that the cryptocurrency markets could soon be in recovery. “………… Part of this is the anticipation of an ETF that will hopefully get approved.”

This week’s Biggest Winners in Cryptocurrencies

1) +48.95% Ravencoin (RVN) Started the week at $0.0190 Ended the week at $0.0283
2) +48.90% Request Network (REQ) Started the week at $0.0454 Ended the week at $0.0676
3) +47.16% Veritaseum (VERI) Started the week at $17.24 Ended the week at $25.37
4) +44.31% Salt Lending (SALT) Started the week at $0.562 Ended the Week at $0.811
5) +38.99% DMarket (DMT) Started the week at $0.318 Ended the week at $0.442
6) +36.81% GoCoin (GO) Started the week at $0.0326 Ended the week at $0.0446
7) +36.31% POA Network (POA) Started the week at $0.0785 Ended the week at $0.107
8) +35.80% Basic Attention Token (BAT) Started the week at $0.176 Ended the week at $0.239
9) +27.52% EthLend (LEND) Started the week at $0.0149 Ended the week at $0.0190
10) +27.28% Aeternity (AE) Started the week at $1.107 Ended the week at $1.409
11) +26.77% Cindicator (CND) Started the week at $0.0198 Ended the week at $0.0251
12) +26.32% Ambrosus (AMB) Started the week at $0.152 Ended the week at $0.192
13) +25.44% Quantstamp (QSP) Started the week at $0.0338 Ended the week at $0.0424
14) +24.55% Ethos (ETHOS) Started the week at $0.330 Ended the week at $0.411
15) +18.99% Bitcoin Interest (BCI) Started the week at $1.00 Ended the week at $1.190

Crypto Chart of the Week

Ravencoin (RVN)
Chart Courtesy of CoinlibRavencoin (RVN) ranks 93rd on the list of cryptos ordered according to their market capitalization. Ravencoin’s current market cap is $62,610,000. Ravencoin describe themselves as a use case specific blockchain designed to carry statements of truth about who owns what asset. “Ravencoin aims to implement a blockchain which is optimized specifically for the use case of transferring assets such as tokens from one holder to another” – Medium
$3,160,000 worth of Raven changed hands October 19th at an average price of $0.0307.

Upcoming ICOs

Kuende (KUE) Sale Starts October 19 Sale Ends November 2 / The social network that rewards real life interaction and enhances your wellbeing
beepnow (BPN) Sale Starts October 20 Sale Ends December 29 / A skill-sharing platform that connects “job seeker” and “job offerer” together, and allows you to execute everything, from offering a job to payment, from your smartphone
Blockpit (TAX) Sale Starts October 20 Sale Ends November 20 / A Tax Reporting and Portfolio Monitor
Vanywhere (VANY) Sale Starts October 20 Sale Ends November 10 / A live skill-sharing platform that instantly connects people seeking and offering skills, so they can get personalized results tailored just to them
Dein Anteil (DAT) Sale Starts October 21 Sale Ends January 20, 2019 / The first ecosystem of tokenized real estate and rent
Exosis (EXO) Sale Starts October 21 Sale Ends November 19 / A Masternode coin with Timetravel 10 Algo
Fiii (Fiii) Sale Starts October 21 Sale Ends December 31 / The Only mobile instant cryptocurrency payment terminal in the world to be compatible with up to 1500 cryptocurrencies
Aircraft (AIRT) Sale Starts October 22 Sale Ends December 1 / Aiming to make the use of the cryptocurrency in the tourism field affordable, as well as providing a higher level of security and quality of services in travel
BR11 (BR11) Sale Starts October 22 Sale Ends November 21 / A Security Token legally backed by equity in 11 high-growth revenue generating startups
Carmel (CARMEL) Sale Starts October 22 Sale Ends December 31 / Learn How To Build A Better Future For All Of Us
Crypto Circle X (CCX) Sale Starts October 22 Sale Ends November 26 / Powered by a superior technological algorithm that is capable of high performance trading with over 10 million transactions per second, A.I. bot, auto-trading, professional charts with technical analysis, trading alerts, and much more, in a user friendly and responsive interface or in our specially designed mobile app
EZ Exchange (EZX) Sale Starts October 22 Sale Ends December 17 / Puting traders first, ensuring that users never deal with substandard security or a poor user experience when trading cryptocurrency
Spotcoin (SPOT) Sale Starts October 22 Sale Ends October 27 / Developing a complete digital asset management toolkit
Coingrid (CGT) Sale Starts October 23 Sale Ends December 23 / Aiming to make investing in cryptocurrency as easy as sending an email
RealtyReturns (RRT) Sale Starts October 23 Sale Ends November 23 / A decentralized compliance protocol creating an industry standard for how asset-backed tokens are issued and traded on the blockchain
Coingrid (CGT) Sale Starts October 23 Sale Ends December 23 / Aiming to make investing in cryptocurrency as easy as sending an email
ASSPACE (ASP) Sale Starts October 25, 2018 Sale Ends January 1, 2019 / Intended to be the one and only cryptocurrency for driving processing and stimulating user activities in a private decentralized social network with 18+ content
EveryCoin (EYC) Sale Starts October 25 Sale Ends December 25 / A new financial platform that combines stable coin (TabiPay) with fluid value coin (EveryCoin) to solve the problems of blockchain speed and high variability of cryptocurrency
GEMERA (GEMA) Sale Starts October 25 Sale Ends December 12 / A crypto-token backed by Colombian emeralds which provide a blockchain based platform where the tokens can be redeemed for physical emeralds
Skillchain (SKI) Sale Starts October 25 Sale Ends November 24 / Certified Skills on Blockchain
Vena Network (VENA) Sale Starts October 25 Sale Ends November 5 / An open protocol for tokenized asset financing and exchange, in which everyone can process P2P cryptocurrency collateral lending and OTC trading anytime and anywhere, enabling free exchange between cryptocurrency and fiat currency
XERA (XERA) Sale Starts October 25 Sale Ends December 23 / Transforming the way cryptocurrencies are traded, offering traders and investors a seamlessly integrated solution for their cryptocurrency investing

Crypto News & Analysis

An Initial Coin Offering (ICO) that is compliant to the standards of the Securities and Exchange Commission is a newsworthy item. The funds being raised through ICOs around the world have been significant. The first 6 months of 2018 reigned in nearly US $14 billion dollars in funding through ICOs, almost double the total amount raised in all of 2017.
BlockSafe Technologies has announced the launching of their SEC approved Security Token Offering (STO). BlockSafe has been in the business of providing cyber security for 17 years. They are headquartered in Edison, New Jersey. BlockSafe is committed to eradicating cyber theft. They have leading edge technology to prevent crypto wallets from being hacked. BlockSafe is developing a solution to provide cyber security to cryptocurrency exchanges as well as newly created blockchains.
BlockSafe has made available to the public their latest version of anti-malware software for mobile and desktop functionality. They have aptly named it the CryptoDefender. Its primary function is to prevent crypto wallet theft. Their ExchangeDefender is targeted to defend the inner workings of cryptocurrency exchanges. The BlockchainDefender will provide a solution to protect permissioned blockchains by,
“Enabling a company to add Authentication, Transaction Verification, Content Filtering, DDoS Mitigation, Load Balancing and a Secure Firewall. There is no other product on the marketplace that offers this level of security for blockchains,” says George Waller, CEO and Co-Founder of BlockSafe. The ExchangeDefender and BlockchainDefender are currently in beta testing.
BlockSafe claims that more than $350 million have been stolen from crypto wallets and those crimes go unreported. The victims of those crimes feel they have no legal recourse to reacquire their missing assets. BlockSafe’s Chief Technology Officer has stated that $9 million is stolen every day from unsuspecting individual’s crypto wallets.
“And the fear that this lack of security fosters is the single largest obstacle to mass consumer adoption of cryptocurrencies and the technology behind them.”
The exact dates of the presale and the complete STO will be announced soon. BlockSafe intends to raise $27million through their ERC-20 STO. They plan to use the proceeds from the sale to further the development of their cyber security technology.
BlockSafe’s parent Company Strike force, listed on the NASDAQ (SFOR), is a well known facilitator of cyber security solutions for corporations, government agencies, and consumers.
Forex News & Analysis
The USD gained ground against the mighty Bitcoin this week. The USD started the week pairing with Bitcoin at an exchange rate of $6706 / 1 Bitcoin. The pair ended the week exchanging at a rate of $6615 / 1 Bitcoin. The dollar gained a 1.38 % advantage over Bitcoin by the end of the week.
BTC/USD Chart Courtesy of Tradingview

The world is waiting for legislation to be in place to accelerate the process of cryptocurrency adoption. Representatives from the U.S. Chamber of Commerce, NASDAQ, Fidelity, and Andreessen Horowitz gathered together in a room at the Library of Congress to discuss how they can help lawmakers legislate the long awaited regulations for cryptocurrencies. The meeting promoted a healthy discussion between lawmakers and leaders in the financial industry. Financial industry leaders warned lawmakers their delay in regulating cryptocurrencies could drive blockchain innovation away from the United States. Although the discussion and its outcome were not enough to help the price of Bitcoin this week.
The USD index (.DXY) compares the USD to 6 globally dominant currencies. The USD lost ground when compared to its global counterparts towards the end of the week. The .DXY index recorded a value of 94.10 at the beginning of the week. The Index closed at 95.21 recording a 1.18% gain in value by the week’s end. Many analysts believe the gains recorded by the USD are a direct result of the Federal Reserve Bank raising interest rates on Wednesday. The Bank has also indicated that they will raise rates at their next meeting in December and 3 more times in 2019. The Mexican Peso continues to hold an advantage over the USD. Starting the week at 19.02504 / 1 USD. The MXN closed the week at 18.814 up 1.122%. While the Australian Dollar maintained a slim disadvantage over the dollar by the close of the week. The AUD ended the week marginally weaker compared to the USD, pairing with the USD at 0.72527 AUD / 1 USD at the beginning of the week and closing the week recording an exchange rate of 0.7214 a 0.534% decrease in value.

Crypto Futures News & Analysis

As we see the world’s number 1 economy taking steps towards creating legislation for digital assets. Be assured that the adoption and integration of cryptocurrencies and blockchain technology, in our daily lives, are increasing with every step. Legislation for digital assets will precede widespread adoption. It’s unusual that the US financial system is taking their time to implement legislation for a highly lucrative financial product. The 21st Money Team is of the opinion that the Securities and Exchange Commission (SEC) will never forget the part their agency played in the 2008 financial crisis. It was a failure on the American side of the Atlantic that had caused the house of cards to fall. Therefore we can expect the United States’ SEC to lag behind other nations on the approval of certain Crypto-products until they have the manpower and resources to properly oversee them.
Tom Emmer, Co-Chairman of the Congressional Blockchain Caucus of the United States, is doing his part to help the SEC move forward with cryptocurrency adoption. He has proposed three legislative bills to his lawmaking branch of the American government. The “Safe Harbor for Taxpayers with Forked Assets Act,” the “Resolution Supporting Digital Currencies and Blockchain Technology,” and the “Blockchain Regulatory Act.”
The Safe Harbor for Taxpayers with Forked Assets Act, will be a provision in US law that confirms cryptomining entities do not have to register any of their hardware or software as money transmitters. The Resolution Supporting Digital Currencies and Blockchain Technology, simply expresses legal support of Cryptocurrency. It has been reported that the Congressman has the mindset, blockchain technology cannot be stopped because of a bureaucratic process. Blockchain technology should be able to develop with legal tolerance from the government. That is the stance of this proposed legislation. The Blockchain Regulatory Act is designed to give taxpayers relief from unclear tax guidelines from the Internal Revenue Service. The Act will give clear instructions on how to report income gained through cryptocurrency transactions. Its intent is to remove the fear taxpayers are under from being unfairly fined by the Internal Revenue Service, the national taxing authority. The law will also give American taxpayers protection from being overtaxed by the IRS regarding gains made through cryptocurrency transactions.
These proposals if approved and passed on to the American Senate will definitely pave the way for more crypto adoption by mainstream America. Another step has been taken. The 21st Money Team will keep you informed regarding the regulatory environment surrounding cryptos.

Crypto Stocks & Analysis

Fintech and Cryptos are forging a unique relationship. When advances are made in Fintech it affects cryptos and vica versa. Our new age of economics is truly global in nature. Therefore it is necessary to look beyond your backyard for stocks related to Fintech and Cryptos. Technology is not isolated to one part of the world. Technological advancements can come from anywhere in a globally oriented trading culture.
The 21st Money team’s search for investment opportunities has taken us way down under. Afterpay Touchgroup Ltd. (APT.AX) listed on the Australian Stock Exchange may very well be the jewel we all have been looking for. Afterpay Touch Group Limited is an Australian based technology company. The company is focused on providing technology that facilitates retail payments and commerce between retail merchants and end customers, offering a buy now receive now, pay later service.
APT’s stock price has gained more than 180% in the last 12 months. APT started the year trading at AUD $6.26. The stock is trading at AUD $17.80, at the time of this writing.
Recently, APT has made some strategic alliances that may have helped boost the stock price. APT has recognized growth opportunities in the beauty, entertainment, travel, and health markets. They have made partnerships to pursue these growth opportunities with Ardent Leisure Group (AAD.AX), Qantas Airways Ltd. (QAN.AX), and Smiles Inclusive Ltd. (SIL.AX)

This week’s Biggest Winners in Cryptocurrencies

1) +200.88% Electroneum (ETN) Started the week at $0.00771060 Ended the week at $0.0232
2) +84.35% Zipper (ZIP) Started the week at $0.00105083 Ended the week at $0.00193723
3) +63.97% Enjin Coin (ENJ) Started the week at $0.0433 Ended the week at $0.0710
4) +40.01% Odyssey (OCN) Started the week at $0.00545349 Ended the week at $0. 00763554
5) +38.16% Telcoin (TEL) Started the week at $0.00080104 Ended the week at $0.00110671
6) +36.45% Gas (GAS) Started the week at $5.35 Ended the week at $7.30
7) +32.04% Getmoder (GTMR) Started the week at $0.181 Ended the week at $0.239
8) +30.81% SmartCash (SMART) Started the week at $0.0211 Ended the week at $0.0276
9) +24.82% NavCoin (NAV) Started the week at $0.0274 Ended the week at $0.0342
10) +23.93% GXShares (GXS) Started the week at $1.17 Ended the week at $1.45
11) +22.89% SONM (SNM) Started the week at $0.0533 Ended the week at $0.0655
12) +18.11% QuarkChain (QKC) Started the week at $0.0392 Ended the week at $0.0463
13) +16.69% Bitcoin Gold (BTG) Started the week at $22.41 Ended the week at $26.15
14) +16.67% Dreamscape Token (DSC) Started the week at $1.20 Ended the week at $1.40
15) +15.94% ByteCoin (BCN) Started the week at $0.00200755 Ended the week at $0.00232751

Crypto Chart of the Week

Electroneum (ETN) Chart courtesy of CoinValuator
Electroneum (ETN) ranks 42nd on the list of cryptos ordered according to their market capitalization. ETN’s current market cap is $192,690,000. Electroneum has coined the phrase ‘enablement currency’ as it is going to enable a new 3 trillion dollar market (Price Waterhouse Coopers predicts this market to be as large as USD 3 trillion in their 2017 Global Fintech Report) by allowing over 350m smartphone users in the developing world to enter the digital market for the first time. $5,702,829 worth of ETN changed hands September 28 at an average price of $0.02

As engineers we keep ourselves too busy (and occupied) in creating something useful and valuable for the society and the world at large, while we see people earn insane amounts of money by investing in stocks and buying shares of the same companies where people like us word hard to make it profitable and innovative. Sure, we get our salary, awards and satisfaction (and hopefully some ESOP), however, we should not lack in financial knowledge, especially the technical analysis, that is required to know which stock is valuable (at current level) and may invest some loose change (or certain amount that is anyways not going to be touched given our simple, busy as well as productive lifestyles) for the future-self and hedge some of our job volatility.

Stocks 101

First, however, we have to understand some jargon (to avoid getting overwhelmed later) and get it it out of the way. It is extremely simple for us in Engineering and Technical fields (graduating with Mathematics and Physics etc) because we understand the core concepts and build our understanding instead of just cramming stuff in our brains.
What is/are:

Securities: Investments that can be traded in a secondary market (stocks/bonds etc).

Equity securities: Shares of a company or of a Mutual Fund (traded on Stock Exchanges).

IPO: When company sells stock for the first time (Initial Public Offering)

Debt securities: Loans (Bonds) made to an entity (evaluated by rating agencies).

Corporate Bond: Loan to a company

Sovereign Bond: Loan to a country

AAA vs Junk Bonds: Spectrum of bonds ranging from safest to most risky.

Derivative securities: Exercising/Trading/Betting on the value without buying underlying stock/bond/asset (by paying some small fee) and has various sub-categories like Margin Trading, Futures Contracts, Asset-based, Auction-rate and many crisis relate to this category you can read about if you want.

Instead of buying a company (because not many can afford that), you can by a part of a company (invest in a share) by considering its fundamentals (the important financial ratios, described later) are strong and then:

Let it passively grow in value over a long term

You do this (by investing some amount you can risk) while you work on your Engineering projects. Your projects are actually the work due to which such companies grow in value through innovation, satisfying customer needs and contributing positively to the society.

Actively trade it in the market

You don’t do this. As you understand it is mostly a brain-wrecking continuous looking at a trading-terminal (during which time you could have actually produced something of value) and is also a positive-feedback loop which can go in either direction without any regard due to market dynamics and herd mentality of traders (you can make it work for your benefit, btw). You also know this is a zero-sum game such that when you make a profit, someone/somewhere has to have made a loss (or vice-versa most of the times). However, based on your time horizon and risk, you can sometime use this method if you are confident.

Ratios and basic valuation method

Here I depict and go through with you to get you up to speed in no more than 1-hour with the compressed tutorial of stock valuation. By the time you go through this, you would be ready with your own excel-sheet where you can feed in some inputs (company numbers) and get the output (valuation) to take an informed data-driven decision.
You can ask me to send you this excel sheet, of use the following formulae:

Value of Stock

Decision

Now, looking at the numbers in the columns:

If “K” is highly -ve, the stock is trading at a much higher rate than its intrinsic value. Should probably stay away from buying at this time & rate until super confident on the further future growth and risk.

If “K” is positive (or slightly negative) it is usually priced below its real value and probably a good time to get into this stock after going through other health-checks and revenues of the company.

If “K” is highly positive, it is suspicious why the other traders are not buying this stock even when it is available at a good rate. Is there something wrong with the management, political climate, market/sales dropping or any other disruptions. Be very cautious and study further to get confidence about the company.

Same is true with “E” and “H”. Instead of looking at -ve, here you compare the value with the current market price (“B”). If either one of them is higher, it means the stock has enough intrinsic value (either in assets or in profits) and can be a good to buy and keep long-term. “J” is just a minimum of “E” and “H”.

Values in “D” and “G” you can check if these are lesser than 15 and 1.5, it is a good value for money. It basically means the share price is no more than 15 times the profits or 1.5 times the assets, either one or both to be valuable.

This was just to get some idea of the scalar number (stock price) and have a method/model to find its intrinsic value. As you know, a stock priced at 500 is no better or worse than one priced at 150. It is the % change that matters, so a Rs 500 stock going to Rs 1000 would double your investment, while a Rs 150 stock going to Rs 300 would also give you the same returns. The above excel tries to bring in “some” evaluation of the stock price Rs 500 or Rs 150, and give some confidence about the “current” value the stock being over-priced or under-priced. Based on that you can take a decision to invest in that particular company or not and based on your time-horizon and risk profile.

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